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Latest News

The History of Cheeks Farm

By Lucy Westmore | 20th May 2022. We’re big history fans here at Prospect, so we have spent some time researching what our beloved Cheeks Farm once looked like. Collecting information from various sources, we have gained insight into who previously lived and owned the farm and wanted to share our findings. We would likeRead More

Self Builds: What to consider

Over 170,000 new homes were built for the year ending June 2019 (Gov.uk) There’s a lot to be said for someone who is wanting to build their own property – ambition, creativity, skill. It can be hugely rewarding to create something which embodies who you are. However, there are factors you do unfortunately need toRead More

Green Mortgages: Explained

A recent YouGov poll found that environmental problems ranked as one of the country’s top-three concerns. What is a green mortgage? When we think of environmental concerns, residential properties aren’t on the top of our list to discuss. Yet, our homes account for more than a fifth of the UK’s total CO2 emissions. With aRead More

Joint Borrower/sole proprietor:

What is a joint borrower/sole proprietor? A mortgage option that allows first time buyers with a lower income to get support, usually from a family member. … if an individual has too low of an income for a mortgage, someone else (usually a family member) can step in and financially support them by becoming anRead More

Self-employed and getting a mortgage? Here’s what you’ll need:

Getting a mortgage when you’re self-employed may seem stressful and time-consuming, however, it’s by no means harder to obtain. Don’t feel anxious that the difference in the regularity of your income will make it more difficult to receive a mortgage. It is still possible. The only difference is that you may need to provide justRead More

Financial stress keeping ill employees at work

Nationwide Building Society has revealed the majority of ill employees are still going to work because of financial stress – prioritising money over health. A poll of over 2000 people found: 59% had gone to work when ill or injured. 1 in 3 admitted they had not followed their doctor’s advice because they couldn’t affordRead More

Equity Release: Explained

Two-thirds of homeowners are unsure how equity release works and why it pays to seek professional advice. ↓ Equity Release lets homeowners aged 55 or over take cash from the value of their home, to use in retirement. It allows you to tap into the wealth you’ve accumulated in your property, without the hassle ofRead More

Interest rate rise explained – How will your mortgage be affected?

Interest rates are one of the many things the Bank of England will change and adapt to suit or control the UK economy. The Bank of England uses interest rates to help control inflation. Rates have recently increased to 0.5% from 0.25%, the second rate rise in three months. This is largely driven by inflation.Read More

Understanding credit scoring

What is a credit score and what does it do? Credit scores are a key decision in whether a lender decides to offer someone a mortgage. Yet, what is it and why is it so important? A credit score predicts how likely you are to pay back a loan on time. Your scores depend onRead More

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